Ulaanbaatar /MONTSAME/ This session started at 9.25 am Tuesday with a 52.6% of parliamentarians. Present were also Ts.Elbegdorj, the President of Mongolia; Ministers; authorities bodies under administration of the State Great Khural; representatives of political parties; and heads of diplomatic missions in Mongolia.

The Chairman of the State Great Khural Z.Enkhbold made the opening remarks. He underlined that  this is the last session of the current parliament in its tenure, and mentioned agendas that will be discussed by this session.

“Roughly one year ago, at its opening the parliamentary session expressed a position of opposing an investment contract on exploitation of the Tavan tolgoi deposit, which does not comply with interests of Mongolia, and considering as necessity to resolve this contract by parliament. The Speaker and his Deputies had the same position over the matter, and, then, a parliamentary working group supervised the contract and issued an evaluation,” Enkhbold said.

According to this evaluation, the company willing to exploit the deposit has fallen in financial trouble, and it was not possible for this company to invest in the deposit. It has been proven by announcement the company made about its insolvency, the Speaker said.

It has been revealed that under the name of establishing investment contracts, the Mongolia Mining Corporation (MMC) and the Energy Resource Company attempted to pay off their huge debts to international financial organizations. Mongolian parliament never will let the companies abolish their debts with state-owned mineral deposit.

“It is not possible to approve such contract which devalues shares of the Erdenes Tavantolgoi company owned by all citizens of Mongolia and 553 enterprisers,” he stressed.

“If we did not stop this illicit contract, the Tavan tolgoi’s deposit owned by people would be assets in ownership foreign companies, transmitted through the MMC and Energy Resource by debts. To conclude, the parliamentary decision oversaw a future of the country, cherishing interests of Mongolia,” he said.

Concerning a right and fruitful exploitation of the Tavan tolgoi deposit, the Speaker said Mongolia will sell coke coal of Tavan tolgoi with a price of the world market. In order to do so, it is necessary to complete a construction of railways in Ukhaa khudag--Gashuunsukhait and Tavan tolgoi--Sainshand directions. 

The Speaker also said Mongolia is negotiating with parties on providing the UB city residents with smoke-free fuels and on producing raw materials for plastic goods after making natural gas from fossil coal, and on exporting the products to Japan and other markets. These ways of the deposit exploitation will be the most fruitful for Mongolians, the Speaker emphasized.

Apart from the Tavan tolgoi issue, the Speaker reported that external debts of Mongolia have reached over 20 billion US dollars by the 2014's International Monetary Fund (IMF).

Following the opening, factions of the political parties and Standing committees will meet.